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Re: Need a loan......
I really don't care what the collateral is on the note. I only need around 25K, and only want it for 5-7 years. Several issues that costs me big time finally appear to be resolved. (the money is currently on a HELOC but the rate is variable and up to 8.75 already)
The few home eq people I talked to wanted fees, points, etc. and actually were quoting HIGHER rates than I could get on a boat loan. I even pointed out to 2 of them that it didn't make sense that I could get a better rate with no fees on something I could "move at night" whereas a home was secured to a foundation and not easily "hidden" from the banks. |
Re: Need a loan......
Originally Posted by offshoredrillin
I would do it as equity as well Russ, the HELOC as Craig said is a great tool. If you do it with the boat as colateral, you have to pay it off if you decide to go bigger or get a diff boat... :)
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Re: Need a loan......
Originally Posted by sharkeymarine
I don't know what my score is, but I must be doing something right...
Citibank just gave me 1.99% fixed rate on $23,700 till it's paid off. How could I say no to that? :drink: t500hps Give Dave P a call at Essex Credit: 866-377-3948 Ext. 7036 |
Re: Need a loan......
Newcoast Financial was the easiest loan company I ever delt with.
Kyle Vollenweider OSO – Loan Ranger Newcoast Financial Services 18167 U.S. 19 N., Suite 300 Clearwater, FL 33764 Toll Free 866-639-2627 x46 Mobile 727-741-8150 Fax 727-450-1151 |
Re: Need a loan......
Originally Posted by slboatdrinks
Newcoast Financial was the easiest loan company I ever delt with.
Kyle Vollenweider OSO – Loan Ranger Newcoast Financial Services 18167 U.S. 19 N., Suite 300 Clearwater, FL 33764 Toll Free 866-639-2627 x46 Mobile 727-741-8150 Fax 727-450-1151 |
Re: Need a loan......
Even at a higher rate an home equity loan HAS to be better than getting a new loan for what you need......the interest is tax deduectable! Would your new loan be??
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Re: Need a loan......
Originally Posted by t500hps
Was this a credit card balance transfer? I just realized my limit of the card is higher than what I owe on the note :eureka:
I had that option, or deposit one of the checks into my checking account. I chose to make out one check and deposited it. A max $75 fee was all it took. I am free to use the cash however I want this way... ;) |
Re: Need a loan......
Originally Posted by sharkeymarine
Yes.
I had that option, or deposit one of the checks into my checking account. I chose to make out one check and deposited it. A max $75 fee was all it took. I am free to use the cash however I want this way... ;) |
Re: Need a loan......
Give Citi a call and ask what promotions they are running.
I didn't even ask for this, it just came in the mail one day. It was the lowest rate I have ever seen from any card company. It was perfect timing too because Chase wouldn't move on the interest rate that was being applied to a $70 charge on my account. While the rest of the balance was 3.99% they were hitting me like 19% on that $70. I told the Chase supervisor that they just lost my business over a lousy $70. Smart move! I kept her name and feel like writing a letter telling the company why I chose to pay off any of my debts with them and take my business elsewhere. :eek: ;) |
Re: Need a loan......
Originally Posted by t500hps
I'm not fond of debt of any kind....I would pay this one off anyway.
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